Investment Analysts’ Weekly Ratings Changes for Linde (LIN)

Linde (NASDAQ: LIN) recently received a number of ratings updates from brokerages and research firms:

• 11/19/2024 – Linde had its “hold” rating reaffirmed by analysts at Erste Group Bank AG.
• 11/1/2024 – Linde had its price target raised by analysts at Mizuho from $520.00 to $530.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Linde had its price target raised by analysts at BMO Capital Markets from $477.00 to $507.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Linde had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $510.00 to $515.00. They now have a “buy” rating on the stock.

Linde Price Performance

Linde stock opened at $444.06 on Wednesday. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The company has a market cap of $211.44 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 2.88 and a beta of 0.94. The firm’s fifty day moving average is $469.39 and its 200 day moving average is $453.14. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter last year, the firm earned $3.63 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Sell-side analysts forecast that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.25%. Linde’s payout ratio is 42.22%.

Insider Activity at Linde

In other news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the sale, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 36.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Linde

Several hedge funds have recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new stake in Linde in the 2nd quarter valued at about $28,000. Strategic Financial Concepts LLC purchased a new position in Linde during the second quarter worth about $33,000. Kozak & Associates Inc. acquired a new stake in shares of Linde in the third quarter valued at $34,000. J.Safra Asset Management Corp purchased a new stake in Linde during the 2nd quarter worth approximately $42,000. Finally, Capital Performance Advisors LLP purchased a new stake in Linde during the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.